Retail rents on Manhattan’s major corridors increased by 32 percent over the past year, led by a growth in flagship locations, visitors and overall shopping.

The average asking rent for all retail space in Manhattan rose 5 percent to $102 per foot.

According to the Real Estate Board of New York’s Fall Retail Report, there has also been a “surge” in demand for

shops in the tourist locations of SoHo, the Meatpacking District and 125th Street.

While the 125th Street corridor retail rents increased 13 percent, retail rents on the priciest portion of Fifth Ave., between 49th and 59th streets, were up 15 percent to $817 a foot compared to last year.

Over the last five years, at least 50 companies have established flagships in the city, leasing over 500,000 square feet.

These stores that include Whole Foods, The Home Depot and American Eagle Outfitters are proof of the “bounceback” after 9/11 said Steven Spinola, REBNY’s president.

While corner locations have been in great demand by banks, that boost in asking rents is not spilling over to adjacent midblock stores, said Robin Abrams of the Lansco Corp., co-chair of REBNY’s retail committee.

Overall, the best corridors saw average asking rents increase 22 percent to $296 a foot, while median asking rents increased 14 percent to $200 a foot.